Masterplast is moving forward with a new CEO

László Piry’s mandate as CEO and his labour relations with Masterplast Nyrt. came to an end today, from the first of August the post of company CEO will be held by Róbert Nádasi the company’s present economic director. Masterplast’s goal is to become the region’s leading manufacturing and distributor company on the market for insulation system products by 2020. Róbert Nádasi, formerly the company’s economic director, takes over the post of Masterplast Nyrt.’s CEO from the first of August 2018. The new CEO joined the company in 2010, as economic director his responsibilities included directing the areas of finance, accountancy, controlling and informatics, as well as maintaining contact with investors.

Róbert Nádasi graduated from Budapest University of Economic Sciences in 1991. The manager with the business approach worked in the management of PHILIPS Hungary Kft. for seven years, then held the position of economic director of Johnson & Johnson Kft. for almost 10 years.

“We thank László Piri for his almost 2 years of work, he brought a new approach to the company and launched value creation processes, and the board of directors is exploring the possibility of continued strategic level collaboration. The change now announced does not affect the basic structure of company leadership, i.e. the founding owners will remain in their positions as president and vice-president. I am very pleased that operative direction is being taken over by a colleague who knows the company outstandingly well and has already strengthened our team for 8 years. We believe that his person will guarantee efficient and effective operation in the long term.” – said Dávid Tibor, president of Masterplast Nyrt.

Masterplast Nyrt.’s goal is to become the region’s leading manufacturing and distributor company on the market for products related to insulation solutions by 2020. To this purpose, the company updated its strategy last year and is paying particular attention to increasing production efficiency and to more effective operation. Last autumn the company announced an additional investment of close to 6.7 million euros in its Subotica plant, by means of which the company will also offer products to segments which are not closely linked with the construction industry. The new, industrial division may also play an important role in helping the company meet the targets set for 2020 of a 110 million euro income and an EBITDA margin above 7.5 percent.

Masterplast Nyrt.

Founded in 1997, the Masterplast group is one of the leading building material producer and distributor companies in the Central Eastern European region. The company group owns subsidiaries in 10 countries, and sells products in a further 30 countries. The company is registered in the premium category on the Budapest Stock Exchange, and had revenue of 201,8 million euros in 2022.